This follows from the indications so far from the course of prices in the wholesale market but also the prices of natural gas TTF for October deliveries, as well as the prices of pollutants.
According to the data of the Energy Exchange, the average wholesale price in the period from September 1 to September 24 was 119.17 euros/MWh, a price significantly lower than the average wholesale price in August of 129.83 euros/MWh.
In fact, the average price of August was reduced by 4.2% compared to July, which was so far the most expensive month for 2024 with an average wholesale price of electricity at 135.54 euros/MWh, after the sharp jump from the 98.69 euros/MWh which was the average price of June (1-30/6/24).
The picture for tomorrow
For tomorrow, the wholesale price in the day-ahead market is at 90.7 euros/MWh. In particular, the maximum price is 139 euros and the minimum is 33 euros with the demand at 153 gigawatt hours.
In the production mix, renewables are the first with 33.4%, gas has 31.7%, imports 28.2% and hydroelectric 3.2%.
How the subsidies were structured in August and September
In a recent statement, the Deputy Minister of Environment and Energy, Alexandra Sdoukou, stated that electricity subsidies will continue as long as the conditions in the market create high prices.
It is recalled that in September the state subsidy was set at 1.4 cents per kilowatt hour for consumptions of up to 500 kWh per month compared to 1.6 cents per kilowatt hour in August.
It is clarified that the subsidy concerns only the floating tariffs, i.e. the green and yellow ones and not the fixed (blue) ones.
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